Bowen, Hanes & Co Inc (Atlanta)

Name: Bowen, Hanes & Co Inc
Address: 3290 Northside Parkway, Atlanta, GA, 30327
Telephone: 404-995-0507

Bowen, Hanes & Co Inc is a large advisory firm based in Atlanta. It manages $2.56 billion of regulatory assets for 223 client accounts. It has been registered with the SEC as an adviser since 2001 and has operated in the jurisdictions of California, Florida, Georgia, and 5 other states.

Bowen, Hanes & provides portfolio management for individuals and small businesses and portfolio management for businesses and institutional clients. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Bowen, Hanes &: assets under management

The assets under management (AUM) of Bowen, Hanes & Co Inc is $2.56 billion, all of which is managed in discretionary accounts. The firm's AUM has grown by 51% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $2.56 billion in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $11.48 million each.

Bowen, Hanes & has custody of $174.15 million in cash and securities for 43 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in exchange traded securities the most. They account for 79% of the total AUM. The second-largest asset type is investment grade corporate bonds, which make up 14% of the firm’s portfolio. Investments in government bonds form 5% of the total invested assets.

Fees & Commissions

The advisory firm has a single stream of revenue. Clients pay Bowen, Hanes & Co Inc for their services and products based on a percentage of assets under management. Compensation based on assets under management promotes a long-term relationship between a client and the adviser and helps align mutual interests. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Bowen, Hanes & serves?

The firm provides services to individuals, charitable organizations, high net worth individuals, corporations or other businesses, pension and profit sharing plans, and state or municipal government entities. The largest group of clients of Bowen, Hanes & is state or municipal government entities with 14 clients and $2.11 billion of assets under management. Among the 8 most similar advisory firms, Bowen, Hanes & has the highest percentage of state or municipal government entities out of all clients.

The amount of regulatory assets under management is $2.56 billion for 128 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. None of the firm’s clients are foreign persons or businesses.

Bowen, Hanes & doesn't advise any private funds.

Careers at Bowen, Hanes & Co Inc

The company employs 11 people that are either part- or full-time employees. 36 percent of the employees work as investment advisers or researchers. Only one employee is registered as an investment adviser representative with the state securities authorities.

There isn’t anyone with the role of looking for and bringing in new clients on behalf of the firm. The firm doesn’t compensate employees in addition to the salary for bringing in new clients. Employees don’t receive compensation from other entities for client referrals.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Harold Jenkins Bowen	Chairman, director	1 Sep 1992	Other	4331692
Frank Borden Hanes	Vice chairman, director	1 Sep 1992	Other	235714
Harold Jenkins Bowen	President, director, shareholder	1 Jan 1995	75% - 100%	2614525
David Lee Kelly	Executive vice president/chief compliance officer	1 Jan 2003	Other	4331698

Based in Atlanta

The principal office where Bowen, Hanes & Co Inc performs its advisory services is located at 3290 Northside Parkway, Atlanta, GA 30327, which is also the mailing address of the firm. An additional office of the firm is in Winston Salem, NC. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 404-995-0507 or by fax 404-995-0324. The normal business hours are 9:00 a.m. to 5:00 p.m. on Monday - Friday. You can find more information about the New York firm at bowenhanes.com.